Get The Cash, Keep The Car

*We only operate in SA. Interstate enquiries may wish to consider a personal loan

Quick Quote

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Comments: My car is registered in South Australia

Need urgent cash?

Unable to get a traditional loan from a bank? Have a bad credit rating? No Problems!

At Drive Away Funding you can pawn your car for cash today AND keep driving it - it's an Australian First!

DRIVE AWAY CASH LOANS

Australian 1st - Pawn your vehicle and keep driving it!

GET APPROVED IN MINUTES

Same day funds for when you need cash in a hurry.

EASY & CONFIDENTIAL

Hassle free loans for any purpose with no credit checks!

GET THE CASH YOU NEED

Loans from $1,000 to $100,000 with competitive rates.

Drive Away Pawn Loans

Drive Away Funding is a specialist pawnbroker that provides an alternative short term funding option for people who need money fast or are unable to obtain traditional bank finance. We lend money based on the security of your pawned vehicle. However unlike other pawnbrokers we don’t keep your vehicle - instead we allow you to keep using it while you’re paying off the loan!

Our process is simple, easy, and convenient and we can let you know how much you can borrow today within a few minutes!
Get started today by completing our simple online quote form.

REDEMPTION

THE PROCESS

We operate as a specialist pawnbroker and provide all funding and loans under a contract of pawn.

However, unlike other pawnbrokers we do not take possession of your vehicle - this means you get to pawn your vehicle for cash and keep driving it the entire time!

All we do is keep hold of your vehicle registration certificate [transfer of ownership documents] and a spare car key for the duration of the pawn. We also register our security interest in your vehicle via the Personal Property Securities Register [PPSR].

Everything gets documented on our 'pawn agreement’ which clearly identifies the terms of your loan including all fees and charges that are applicable.

The redemption period on our pawn loan is one (1) calendar month. This means you will need to repay your loan in full, including our fee, within a month. If you can’t repay your loan in full by the due date, you can extend the redemption period each month by simply paying the outstanding interest fee.

As soon as you’ve paid your loan off in full we’ll give you back your vehicle registration certificate, spare car key/s and remove our security interest from the PPSR.

For more details please read our FAQs

Before you apply, please read our eligibility criteria as we will not be able to assist you if you don't qualify.

To qualify for a vehicle pawn loan, you will need to;
- be a permanent Australian resident or have a valid visa;
- be at least 18 years of age;
- reside and have your car registered in South Australia;
- have a valid Australian driver’s licence;

In addition, your vehicle must be;
- owned free and clear [no secured debt/finance].
- roadworthy and in good condition [no major damage or defects]

You will also need to provide us with the following;
- proof of identity [valid drivers licence]
- proof of ownership [current car registration certificate in your name]
- proof of comprehensive car insurance [a certificate of currency]
- a working duplicate set of keys for your vehicle

Note: We do not perform a credit check!

FAQs

What is a vehicle pawn loan?

It’s a secured short term pawn loan. The way it works is you pledge your vehicle to us in exchange for a loan against it. Your vehicle is our security for the duration of the loan and is redeemable by you as soon as you pay back the loan and interest in full.

This type of loan is commonly used as a short term funding option for people who need money fast or are unable to obtain traditional bank finance.

Can I keep driving my vehicle?

YES, Absolutely! We’re proud to be the first and only Australian pawnbroker that lets you pawn your car for cash and keep driving it!

This means you get to solve your short term money challenges without experiencing any major disruptions or inconveniences to your everyday life.

After all, the last thing you want to do is have to explain to your family, friends or boss why you don’t have a car!

Note: You also have the option of a traditional 'Stored Asset Pawn Loan' whereby you leave your vehicle in our possession for the duration of the loan. Under this option you can expect to borrow more funds against your vehicle and pay less interest.

What type of vehicles will you lend against?

We lend against all makes and models from small cars, sedans, prestige cars and SUVs to high performance vehicles and even vintage or classic cars.

We can sometimes also lend against motorbikes, trucks, vans, trailers, caravans and even boats.

As long as your vehicle is paid off, roadworthy and in good working condition we can use it as collateral for a loan [subject to minimum verified asset value].

How do I apply for a loan?

Simply complete the online Quote Quote form at the top of this page or give us a call on 08 8451 1588 with the details of your vehicle and how much you want to borrow.

How much can I borrow?

The amount you can borrow is based upon the value of your vehicle, as determined by us, and your overall circumstances.

Our minimum loan size is $1,000 and can be as much as $100,000 or more depending on the value of your security.

How much will the loan cost me?

Our fees are competitive and are based on the amount you borrow and the value of security provided.

The interest fee on your loan will be clearly stated in the conditional approval email we send you, with the exact fee confirmed once we have inspected your vehicle.

You'll also be required to complete our 'pawn agreement' prior to borrowing any money, which clearly details the exact terms of your loan and any fees and charges that might become applicable.

Note: You also have the option of a 'Stored Asset Loan' whereby we keep possession of your vehicle for the duration of the loan. Under this option you can expect to borrow more funds against your vehicle and pay less interest.

Does it matter what I need the money for?

No, you are free to use the funds for any purpose.

How long does the whole process take?

Once you've submitted your online Quick Quote you can expect to get an approval decision from us within 24 hours.

The next step is to arrange an inspection of your asset and to complete our simple one page loan agreement. This entire process usually takes about 20-30minutes.

Your loan funds will then be transferred to your nominated bank account on the same day!

Will my credit file be marked if I apply?

No, we do not require a credit check at all!

Your credit file will remain completely untouched so no other lender or credit provider will ever be able to tell you have borrowed funds from us.

What are the requirements for a loan?

To qualify for a vehicle pawn loan, you will need to;

- be a permanent Australian resident or have a valid visa;
- be at least 18 years of age;
- reside and have your car registered in South Australia;
- have a valid Australian driver’s licence;

Maybe… If you’re car loan is almost paid off, there is a good chance that we can help you. We suggest you to contact us for a chat to see what we can do.

How long can I borrow the money for?

All our vehicle pawn loans have a redemption period [loan term] of one [1] calendar month. However, you do have the option of extending the redemption period each month by paying one month’s interest fee prior to the due date.

In fact, as long as you keep making the monthly interest payment on time you can keep extending your loan each month.

Is there a penalty if I pay off my loan early?

No, you can pay your loan in full at any time within the redemption period without receiving a pre-payment penalty.

In fact, we encourage customers to pay off their vehicle pawn loans as soon as they are able.

What if I can't repay my loan on time?

The redemption period on our vehicle pawn loan is one [1] calendar month. If you are unable to repay your loan in full before the due date you can elect to extend the redemption period for another month by simply paying the interest fee.

In fact, as long as you keep making the monthly interest payment on time you can keep extending your loan each month.

If you’re unable to repay your loan and any interest owing, we will make every effort to work with you and come to a suitable arrangement.

However, if we are unable to come to such an arrangement, under the Second-hand Dealers and Pawnbrokers Act 1996 we have a mandate to;
14.(3) As soon as reasonably practicable, sell the asset in a manner conducive to securing the best price reasonably obtainable.
14.(7) If the proceeds of the sale of pawned goods exceed the amount owing to the pawnbroker under the contract of pawn, the balance of the proceeds is recoverable from the pawnbroker as a debt in a court of competent jurisdiction by the person who would have been entitled to redeem the goods if not sold.

Note: If you think you might have trouble repaying your vehicle pawn loan then please contact us as soon as possible so we can try and work out an arrangement. We would much rather help you get back on track than have to repossess your vehicle.